Over the past year in China, the ultra-rich didn’t get richer–they got poorer and shrank in number, even as the ranks of the ultra-rich and their assets swelled in other parts of the world. Read More »

In a suite at a five-star Hong Kong hotel on Friday morning, a row of 64 pink, blue and red diamonds lay on display, each encased in individual boxes. Eyed closely by several security guards, the gems belonged to Australian mining company Rio Tinto, which is hoping they will sell for more than $1 million per carat.

Among the gems were three “fancy red” diamonds, including the 1.56-carat Argyle Phoenix, sourced from Rio Tinto’s Argyle mine in Western Australia. “These are beyond rare,” said Alan Davies, the chief executive of the company’s diamonds and minerals division, holding the gem up to his eye to demonstrate that the seven-figure gem is smaller than the human iris. Read More »

Rich Chinese who live and breathe luxury will soon be able to sleep in it too.

New details about a Macau casino company’s plan to erect an opulent hotel designed by Italian fashion house Versace emerged at a Thursday news conference in the world’s gambling capital: the hotel tower will include about 270 rooms, a spa, indoor and outdoor pools and dining and retail space. Read More »

This two-story home with a rustic-stone interior in Goa, India, is designed to maintain an uninterrupted flow with its surroundings. Owner Anjali Mangalgiri and her husband spent about two years building this house in Aldona village. Read More »